Montana small business - News


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SBA offers help to small businesses - Montana's News Station
SBA offers help to small businesses - Montana's News Station HispanicBusiness.comSBA offers help to small businessesThe Small Business Administration is one federal agency that is planning to contribute to Montana's economic recovery. Governor Brian Schweitzer made a move to accept federal stimulus money Thursday. The SBA has a number of new initiatives designed to Recovery Act Gives SBA Tools

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SBA offers help to small businesses - Montana's News Station

The Small Business Administration is one federal agency that is planning to contribute to Montana's economic recovery.

Governor Brian Schweitzer made a move to accept federal stimulus money Thursday.

The SBA has a number of new initiatives designed to keep small businesses afloat and make it easier for new enterprises to gain access to capital in a timely manner.

"There's a lot of misinformation out there that applying for an SBA loan requires a ton of paperwork, is really hard and takes a ton of paperwork, but that's not true. I believe it takes about five days to hear back," Michelle Johnston, Montana's SBA District director, said.   

Two of the changes brought about by the stimulus bill center on bank fees and loan amounts. Small business borrowers will not have to pay any up front bank fees to take out an SBA loan. On a $300,000 note, fees would normally approach $7,000.

The SBA is also stretching loan amount limits to 90 percent of the loan amount, lowering the amount of cash a person will have to come up with up front. The higher limit will also lower the risk for the lender.

Starting my own small business in Montana?

I need help with starting a window cleaning business. I am confused about how i get licensed and what insurance I need? What steps I need to get things done. Do I need insurance? If so what type of insurance I need if I don't have employees.I just want to start a seasonal business. Help please help I know how to wash windows I just need help with the other stuff.


The Secretary of State has a website giving you everything you need:

http://sos.mt.gov/BSB/New_Business.asp

If I want to find a small business for sale in Western Montana, how do I get a small business loan?

I am thinking of a small retail business of some kind or maybe a motel.


No special place to get loans for business. A loan is a loan is a loan, meaning bank, family/friends/investors or your own pocket.

Local chapters of SBA and SCORE can help you, but they will lead you to the same place, a bank. Best is to talk to the loan dept or bank manager of the bank you already do business with. Best to have an account with them for awhile as well in good standings.

Where can I find information on getting a small business started?

I'm trying to get a small business started, and am looking for grants and loans for women's small business. I am located in Montana, but am willing to put in some hard work in getting some grants to get started... Any suggestions?


You need to write a business plan. Go to sba.gov There you will find everything you need to consider when starting a small business, including a way to find a local SCORE counselor who can assist you. (also info on government grants) Writing a business plan is your first step.

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